Awesome articles on what should startups invest and not invest in. HumbledMBA has really great blog…
Stuff we startups do that doesn’t delight users:
Health insurance plans
Founder equity splits
Series F stock
Working in SOMA
Convertible debt caps
Of course, much of this stuff still needs to get done. At some point. And some of it really is important to the process that eventually creates delight for users. But none of it directly delights users. They’re all inputs. None of it is product. When you build a great product, one that delights users and achieves product-market fit, you’ll have lots of time to work on all these things and optimize them to your heart’s content. When your product is not even built yet, none of this stuff matters. But your startup, in the pre-product phase, is basically a ticking time bomb. The only thing that can prevent it from exploding is user delight. User delight attracts funding, enhances morale, builds determination, earns revenue…Until you get to user delight, you’re always at risk of running out of money or, much more likely, losing a key engineer to something more interesting. Time is your most precious resource.
Don’t. Waste. Time.